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20130125
20130125
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CSPAN2 1
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CSPAN
Jan 25, 2013 6:00am EST
to worry about the debt ceiling, at what point do our creditors say, you know what? we're going to charge you a little more interest and that interest goes up to 6% on the $16 trillion? don't we just get to the same problem on a long-term approach by not dealing with the underlying -- >> congressman, i'm totally in favor of dealing with the budget. that's the point of the book we wrote called "white house burning," a dramatic enough title, i hope. >> okay. >> but the point is you need a balanced approach as was said at the beginning. >> mr. johnson, if i could -- it's my time. and i've heard the balanced approach now for a year and a half, and i heard it today from the panel. there's been $600 billion of additional revenue that is a result of the fiscal cliff negotiations. balanced approach to me was if you gave revenue, you got spending reforms. has the president offered any spending reforms as of yet in regards to that $600 billion of additional revenue? has anyone heard them? >> we're hoping to see some in the budget, sir. >> when he, when the president put -- when geithner put forth h
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